A fast food chain offers a contractual business arrangement in various countries around the world.This fast food chain will be an example of a(n)international _____.
A)franchise
B)acquisition
C)merger
D)not-for-profit corporation

Question

Quizplus · Accepted Answer

A franchise is a contractual business arrangement in which a parent company (franchisor) grants a license to a franchisee to operate its business under the franchisor's brand name and business model. The fast food chain mentioned in the question is an example of a franchise, as it offers this type of arrangement in various countries around the world.

A Fast Food Chain Offers a Contractual Business Arrangement in Various